Examlex
Match the Principle of Quality Improvement with its Key Benefits.
-Focused and prioritized improvement opportunities
Expenditure
Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business.
Bank Reconciliation
The process of comparing a company's bank account balance as reported by the bank with the company's own records and reconciling any differences.
Deposit in Transit
Funds that have been sent to a bank but not yet recorded on the bank's records, often seen in bank reconciliation statements.
Outstanding Checks
Checks that have been written and recorded in a company's financial statements but have not yet been cashed or cleared by the bank.
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